Free Enterprise System

Free Enterprise System

Assessment

Flashcard

Social Studies

9th - 12th Grade

Hard

Created by

Wayground Content

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10 questions

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1.

FLASHCARD QUESTION

Front

This is the social & political commitment & freedom to start their own businesses & compete.

Back

free enterprise system

2.

FLASHCARD QUESTION

Front

True or False: The government can't take your property without just compensation.

Back

True

3.

FLASHCARD QUESTION

Front

The driving force behind people going into business is

Back

profit motive

4.

FLASHCARD QUESTION

Front

This concept insures that everyone can compete in the marketplace or buy goods from a marketplace. People have the choice:

Back

Economic Freedom

5.

FLASHCARD QUESTION

Front

The concept that people have the right and privilege to control their possessions as they wish.

Back

private property

6.

FLASHCARD QUESTION

Front

The rivalry between sellers to get more customers by lowering costs & better goods/services

Back

competition

7.

FLASHCARD QUESTION

Front

This is the study of the behavior/decision making of entire economies, not individuals.

Back

macroeconomics

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